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GOBankingRates heard from some millennialinvestorsabout five tips for success they want to pass along to every Gen X investor.
No matter what generation you are, here is someadvice to take into account for your next investment move.
Be Patient
Investing has taught me a few things that might be helpful to Gen X investors.
Its simple but easy to overlook, Kibbel explained.
Trying to jump on every shift can chip away at your returns.
Imagine investing as planting a tree.
You water it, give it sunlight, but you dont dig it up every time the weather changes.
Planning is key, he added.
This doesnt pertain to risk-taking behavior, instead the general focus is on alternate avenues for growth and security.
Look into thecompanies or fundsyoure choosing, understand what they do and how they make money.
Ask questions and confirm your investments align with your goals, he added.
So if youre Gen X, maybe give some thought topatience, diversification and understandingyour investments deeply.
Thats how you could carve your own path.
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